Global oil prices experienced a decline in trading on Thursday due to increasing concerns among investors about the demand for crude from China, the second largest economy in the world. This decline was triggered by the confirmation from Jerome Powell, the Chairman of the US Federal Reserve, regarding the possibility of raising interest rates again … Read more
China’s imports of Russian oil have reached an all-time high, according to data from the General Administration of Customs in China. In May 2023, China imported a total of 9.71 million metric tons of oil from Russia, representing a 15.3% increase compared to the previous year. This translates to an average of 2.29 million barrels … Read more
UAE Banks Grant 11 Billion Dirhams in New Personal Financing in Q1 2023 Abu Dhabi – In the first quarter of this year, UAE banks provided 11 billion dirhams in new personal financing to individuals. The total balance of individual borrowing reached over 487 billion dirhams by the end of March, accounting for more than … Read more
Mark Zuckerberg. REUTERS Reporter: Fauzan Jamaludin Merdeka.com – Mark Zuckerberg satirized Apple’s newly released Augmented Reality (AR) glasses. According to this Meta boss, Apple Vision Pro is not an exciting device. Tends to be only for ‘sitting alone on the couch’ people. As is well known, these AR glasses from Apple are priced at USD … Read more
Mubasher: Oil prices fell sharply today, Monday, amid anticipation of the Federal Reserve meeting later this week. US oil futures fell by more than 4% to $67.39 a barrel. This comes at a time when Goldman Sachs has lowered its forecast for the price of oil again this year, with increasing supplies and fears of … Read more
Abu Dhabi – Mubasher: The Emirates Central Bank’s possession of gold increased to 17.413 billion dirhams at the end of last March, from 15.910 billion dirhams By the end of February 2023, an increase of 1.503 billion dirhams. The Emirates Central Bank’s possession of gold increased by 38 percent at the end of last March, … Read more
History of the Kairat club Football club Kairat was founded in 1954 in Almaty (Kazakhstan) and named after the desert region of Kairat, which is located on the territory of Kazakhstan. The club plays home matches at the Kairat stadium in Almaty, which has a capacity of 25,057 spectators. Olympbet betting company in Kazakhstan accepts … Read more
US Treasury Secretary Yellen says we are now seeing only the beginning of possible stress in financial markets. One can only partially agree with this, as some parts of the market (CDS, T-bills) have been nervous about fiscal risks for some time. However, where this certainly applies is in stocks, which indicate that they have … Read more
Abu Dhabi – Mubasher: The balance sheet of the UAE Central Bank exceeded 560 billion dirhams at the end of last February, to record the highest level in its history. The UAE Central stated that its balance sheet rose during the month of February, on a monthly basis, by 0.8 percent, to reach 564.25 billion … Read more
Muhammad Shaker – Mubasher: The UAE financial market indices declined at the end of today’s trading session, Thursday, amid expectations that interest rates will start to be cut by the third quarter of 2023. According to the data of the UAE financial markets, the Dubai Financial Market incurred losses amounting to 333 million dirhams, and … Read more